Liisa Kariluoto, who was born before 1950, accumulates a total of 360 months of service at sea when she reaches the age of 55, i.e. her earned retirement age is 60. Liisa can retire on early old-age pension at the age of 55 because she has the possibility to retire five years early when calculated from earned retirement age.

Her earned pension amounts to 2,000 euros. Liisa brought her retirement forward by five years, i.e. to the age of 55. Her pension decreased permanently by 480 euros (24% x 2,000) and amounts to 1,520 euros per month.